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House Co-Sponsorship Memoranda
House of Representatives
Session of 2023 - 2024
Regular Session
MEMORANDUM
| Posted: | November 2, 2023 11:37 AM |
|---|---|
| From: | Representative Nick Pisciottano |
| To: | All House members |
| Subject: | Pennsylvania Open Markets Act |
| A fair marketplace is a healthy marketplace. Open competition is the engine of our nation's economy, and we need to ensure that state law protects against companies that seek to restrain Pennsylvania commerce. For decades, large companies across the nation have purchased smaller ones, creating concentrated power in almost all sectors of our economy. Large, monopolistic firms then use their dominant market share to engage in price gouging, collusion, and other predatory, anti-competitive tactics that harm consumers, small businesses, and workers by raising prices, suppressing wages, and more. This monopolistic consolidation has also led to offshoring our nation's production capacity while creating brittle supply chains for even basic goods. Unlike most other states, Pennsylvania does not have its own antitrust statute. As a result, I am introducing the Pennsylvania Open Markets Act that will protect consumers, local business owners, and workers by prohibiting anti-competitive behavior and keeping markets open and fair. In addition, this bill empowers the Attorney General to investigate companies that attempt to monopolize any part of our economy and increases penalties for antitrust violations. Please join me in supporting this legislation that drives a healthy, competitive, and innovative economy by providing new protections for consumers, small businesses, and workers throughout Pennsylvania. |
Introduced as HB2012